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Business

Falkland Press eyes expansion after funding boost

Hertfordshire-based print and design company Falkland Press has set its sights on expansion after securing £3.3m in new banking facilities

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(L to R) Clydesdale Bank’s commercial relationship manager Patrick Brennan alongside Jon Lancaster, director at Falkland Press, outside the firm’s new facility in Letchworth Garden City

The funding, provided by Clydesdale Bank’s Business and Private Banking Centre in St Albans, will go towards helping the firm achieve its growth ambitions—which include the creation of new jobs.

Jon Lancaster, director at Falkland Press, enthuses: “This significant financial commitment will help us to extend our reach in a sector we have been established in for close to 40 years.

“Our current focus on growth would not have been possible without the support of Clydesdale Bank which has worked closely with our team to help us realise our ambitions.”

The company currently sprecialises in litho and digital printing, as well as finishing, design, print-on-demand, and direct mail.

This significant financial commitment will help us to extend our reach in a sector we have been established in for close to 40 years

With the support of the funding, it is now expected to enter a sustained period of growth over the next five years—with the hope of increasing its customer base.

Falkland Press has forecast strong annual growth of 15 percent per year, which could lead to the creation of 25 jobs in the next three years. 

David Clarke, head of Clydesdale Bank’s Business and Private Banking Centre in St Albans, adds: “The success of Falkland Press is testament to the experience, drive and expertise shown by the management team, and represents all that is good about the entrepreneurial spirit of businesses in the south of England.

“As we begin to see signs of economic recovery, Clydesdale Bank remains focused on investing in the growth ambitions of the local business community.”

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